parastatal

Examples

• All

• Petrobras, the parastatal Brazilian oil company—already a major international player in the industry, with operations in 27 countries—expects to be producing a total of 5.4 million barrels of oil per day by 2020.

  Academic text (2010)

• South Africa's publicly owned and parastatal assets are substantial, by one estimate accounting for 52 percent of the country's capital stock.

  Academic text (1996)

• The savings from these parastatal reforms were substantial.

  Academic text (1993)

• Governments decide where to allocate scarce resources: to education or to parastatal subsidies, for example.

  Academic text (1992)

• They persist through the many reorganizations and institutional changes associated with parastatal reform.

  Academic text (1993)

• While recent commercialization efforts have brought some improvements in parastatal efficiency, on the whole the sector remains a bastion of Afrikaner employment, a fiscal drag, and a damper on productivity and competitiveness.

  Academic text (1996)

• One can perhaps more easily evaluate parastatal reforms more broadly (that is, restructuring as well as privatization) through their impact on items like reducing overseas loans and slashing subsidies.

  Academic text (1993)

• The parastatal organization was established to provide essential services in remote areas.

• Many parastatal enterprises play a crucial role in the economy by providing employment.

• The government is investing in parastatal initiatives to improve public transportation systems.

Synonyms

S

state-controlled

vsparastatal

5 5.8

The government owns and runs an organization or service instead of private companies

is owned or run by government but remains independent from formal state institutions

S

semigovernmental

vsparastatal

6.9

Partly controlled and paid for by a government but not fully run by it

is owned or operated by government yet stays separate from official government bodies

Antonyms

P

private

∞ 1.8

For one person or group only and not open to others

How Public

state-controlled

5 5.8

parastatal

• UK

8.6

private

∞ 1.8

Surface Forms

Morphology

Etymology